Pre-Underwriting

Outsource Mortgage Pre-Underwriting Support Services

Equip BPO Services has over 10 years of experience in assisting lenders with a thorough validation process for loan approval. Our expert back-office support with mortgage pre-underwriting support services enable you to establish appropriate qualifying processes in a loan application and it's in-depth verification. We use our diverse exposure to the mortgage industry to save lenders from spending valuable resources on loan applications that have fewer chances of reaching loan approval.

As a global mortgage pre-underwriting services company, we bank on cutting edge CRM systems, document management systems and multi-step information review processes to improve the efficiency of your mortgage loan approval process. Our mortgage services help you ensure that the best quality customer loan profiles reach the underwriter’s table for consideration. Outsource mortgage pre-underwriting services to us to improve accuracy and better turnaround times of your mortgage underwriting process.

Our Comprehensive Mortgage Pre-Underwriting Support Services

Borrower File Review

We verify all information that is supplied by the customer in vital loan documents like form 1003 and other personal information. We meticulously review customer credit records like FICO scores and tax return documents to ensure the customer has the required financial stability to make monthly payments for the loan. We evaluate the entire credit profile of the borrower as per the guidelines laid down by Fannie Mae and Freddie Mac. As an experienced mortgage pre-underwriting support company, we follow a checklist-based system to ensure that all the critical aspects pertaining to underwriting are covered in our file review services.

Data Validation

Certain customer details like credit scores and employment history can be verified online using the Desktop Underwriter (DU), the official tool created by Fannie Mae and Freddie Mac. This tool helps us validate customer attributes like credit scores which are vital for the loan approval process. Our pre-underwriting support services include recording and digitizing our findings in the data validation process. By digitizing these vital information sets about the customer, we are able to establish the accuracy and speed needed to expedite the underwriting process.

Fraud Analysis

As a premium mortgage underwriting support services company, we leave no stone unturned to identify fraud. Our team of mortgage experts have the experience and acumen to spot missing or mala fide information. This obviates the need for the underwriter to send customer files back for completed information and thereby enables you speed up the underwriting process. Our fraud analysis encompasses all aspects of the customer file review process including running third-party reports. This ensures the underwriter has to focus only on decision-making.

Appraisal Ordering and Review

We take charge of title ordering and dispatch verified property information to the appraiser to boost the turnaround times of the appraisal process. Once the appraisal is over we carefully review the appraisal report to ensure that the process has been completed in a fair and error-free manner. With the appraisal process, we also provide you with the back-office support for insurance orders as well. We help you determine if the property that is being financed is good enough to be the collateral. All this makes it easier for your underwriter to take an accurate decision.

VOD and VOM Analysis

We verify all borrower’s information like pay stubs, W2 forms, asset information, employment history etc. by using Verification of Deposit and Verification of Mortgage forms. VOD and VOM analysis require an exhaustive approach that involves delving into the background of the customer. We provide you with expert back office support in this resource intensive process. With an accurate analysis in hand, the underwriter can zero in on a decision faster than the standard time.